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Insecticides Market worth 20.82 Billion USD by 2022
The report "Insecticides Market by Type (Pyrethroids, Organophosphorus, Carbamates, Organochlorine, Botanicals), Crop Type (Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses), Mode of Application, Form, and Region - Global Forecast to 2022", The global insecticides market is projected to grow at a CAGR of 5.27% from 2016 and reach USD 20.82 Billion by 2022
Browse 66 market data tables and 55 figures spread through 150 pages and in-depth TOC on “Insecticides Market by Type (Pyrethroids, Organophosphorus, Carbamates, Organochlorine, Botanicals), Crop Type (Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses), Mode of Application, Form, and Region - Global Forecast to 2022"
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The market is driven by factors such as the fall in per capita arable land, tolerance to biotic stresses such as insects, and the growing agricultural sector. Moreover, population growth exceeds global food production, owing to which the use of best grades of insecticides for agriculture will benefit growers and the economically backward population in developing countries. As a result, many multinational players have entered into the production of various products of insecticides that protects the crop loss and provides nutritional ingredients.
Organophosphorus segment dominated the insecticides market
Organophosphorus has highly toxic compounds that affect the stomach and respiratory system of the pest, resulting in its higher usage in the overall insecticides market. This type of insecticide is the most widely used as it is cheaper than other alternatives. The U.S. and U.K. contribute to a larger share for these insecticides, globally.
Baits is projected to be the fastest growing segment in the insecticides market, by form
Bait are ready-to-use active ingredients mixed with food or other substances. With their ready-to-use properties, baits are projected to grow at the highest rate during the forecast period. The increasing crop losses due to insect attacks, advancement in farming practices & techniques, and fall in the per capita arable land are the major drivers of the insecticides market.
Continuous growth in agricultural productivity and support from governments as well as national and international associations key to success in the Asia-Pacific region
High growth was observed in the Asia-Pacific region for the insecticides market over the past few years. The main reasons for this growth are the increasing demand for crops and rising cultivation in the countries of Asia-Pacific and continuous technological advancements. China and Australia constituted the largest country-level markets in the Asia-Pacific region in 2015.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. These companies include BASF SE (Germany), Bayer CropScience Ag (Germany), Dow AgroSciences (The Dow Chemical Company) (U.S.), ChemChina (Syngenta AG) (China), E.I du Pont de Nemours and Company (U.S.); these are well-established and financially stable players that have been operating in the industry for several years. Other players include Sumitomo Chemical Company Ltd. (Japan), FMC Corporation (U.S), ADAMA Agricultural Solutions Ltd. (Israel), Nufarm Limited (Australia), and United Phosphorus Limited (India).
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